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...The firm’s master fund was down 2.1 per cent, while its alpha strategies fund was up 2.4 per cent, according to people who have seen the figures....
...It offers funds of funds that give institutional investors access to private debt, infrastructure and private equity strategies....
...for the risks taken, or “alpha”....
...Though many still tout their stock and bond picking credentials, active fund managers only rarely generate alpha (or market-beating returns)....
...Our results suggest that mutual fund investors exhibit a bias for seemingly attractive mutual fund managers....
...Wes Gray, chief executive of ETF shop Alpha Architect, said his company had been able to negotiate with Fidelity over the past few months to avoid paying any support fees....
...A traditional source of long-short alpha, small has been looking increasingly correlated with large: Another trend is that long-short doesn’t seem to involve much short....
...“Our quant team was not sensitive to sentiments, they prioritised alpha at the expense of market stability, which concerned regulators the most,” said an executive of the leading quant fund that was among...
...Brevan Howard’s flagship fund was down 2.1 per cent while its Alpha Strategies fund was up 2.4 per cent, according to people who have seen the figures....
...Its flagship fund was down 2.1 per cent while its Alpha Strategies fund was up 2.4 per cent, according to people who have seen the figures....
...easier to generate alpha in fixed income....
...And if they want alpha, they’re going to have to be less liquid. . . ....
...UniCredit has offered to buy the shares from the Hellenic Financial Stability Fund, the country’s bank recapitalisation fund set up during the sovereign debt crisis....
...Greece’s bank bailout fund last month sold 27 per cent of Piraeus Bank for €1.35bn....
...Flows into passive funds may indicate that a net supply of “alpha” has diminished and that, consequently, outperformance will become even harder for active managers....
...Adam Singleton, chief investment officer of external alpha at Man Solutions, which invests in other hedge funds, said low volatility and last year’s bull market made it hard for long-short managers to prove...
...Unhedged: We’ve been interested in reading about the rise of multi-strategy hedge funds, or “pod shops”....
...But Barclays estimates that both the market-beating alpha and Sharpe ratios (returns versus volatility) are down significantly over the past 12 months....
...In his letter, he said his short holdings had generated annualised alpha — outperformance relative to broad market indices such as the S&P 500 and Russell 2000 — of about 8 per cent since the 2018 market...
...Spare funds for M&A are out there. Valuations aren’t crazy....
...Joseph Wilkins is a funds correspondent at FTAdviser. Look at this graph....
..., suggests Francesca Bria, former president of Italy’s National Innovation Fund....
...Almost no investors possess the ability to produce both forms of alpha....
...UN secretary-general António Guterres will join a summit of EU leaders tomorrow, and will urge everyone to fund UNRWA....
...Separately, lenders filed against Camshaft Capital in Miami in May, primarily seeking to find what they claimed were funds that had gone missing from Byju’s Alpha....
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